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The World’s Most Customer-Centric Optical Solution Provider
Radiant Opto-Electronics Corporation was established in July 1995, with its headquarters located in the Kaohsiung Technology Industrial Park in Taiwan. The company is founded on the principles of optical design, independent mold manufacturing, and high-efficiency mass production. Radiant Opto-Electronics' development strategy, known as 'Dual Engine Evolution,' aims to strengthen its core competencies in the design, molding, and manufacturing processes of optical products through two engines "independent enhancement" and "external investment and acquisitions."
In the future, Radiant Opto-Electronics will integrate the research and development capabilities of NILT and Nanocomp to develop new applications beyond the backlight and frontlight display markets. This will allow the company to penetrate into new customer bases and niche markets, entering the field of meta-optical components. Targeting five major customer bases "consumer electronics, automotive applications, biomedical diagnostics, augmented reality, and meta-optics," the company will offer meta-optical components such as 3D sensing, AR waveguide lenses, and lenses. Radiant Opto-Electronics continues to serve as an important manufacturing partner for customers in high-end optical solutions, offering one-stop services including design, molding, and mass production.
Financial Performance
In 2023, we proposed our "Dual Engine Evolution" strategy. In the short to medium term, we will strengthen our core capabilities in optical component design, molds, and processes through two major engines: "self-strengthening" and "external investment and acquisitions." This will continuously enhance our backlight module competitiveness while simultaneously expanding into new optical component application markets.
Last year, in "self-strengthening," we adjusted the product mix related to LGPs and continued to enhance production efficiency. In 2024, the Group's revenue reached NT$51.63 billion, representing a year-on-year increase of 17%, marking a recovery from the revenue low experienced in 2023. The shipment volume of backlight modules reached 97.37 million units (YoY +7%), marking the end of a three-year trend of declining shipments from 2021 to 2023. The gross profit margin is 20.72%, with an EPS of 15.63 (YoY +38%), setting a historical high and marking the seventh consecutive year of earnings equivalent to the company's total share capital. As such, we continue to demonstrate the competitiveness of high-end backlight module products to maintain a leading position in the industry.
In the "external investment and acquisitions" section, in September 2024, we announced through a material information disclosure that we would acquire 100% of the equity of NIL Technology (NILT), a leading Danish optical manufacturing company, using 300 million euros of our own funds (transaction completed in January 2025). This is a strategically significant step for the Group, as we have officially expanded beyond the display and consumer electronics industries. The trend towards lightweight, thin, and low-power electronic products is irreversible. Beyond possessing these advantages, advanced optical products can precisely control light's phase, amplitude, polarization, and dispersion, making this technology a focal point for major domestic and international manufacturers in recent years. With the addition of NILT, Radiant Opto-Electronics can provide technologies such as electron beam lithography for the fabrication of nano-structure molds and wafer-to-wafer nano-imprinting. By leveraging Taiwan's mature semiconductor supply chain, we assist our clients in developing next-generation advanced optical products.
The backlight module business of Opto-Electronics Corporation accounted for 99.66% of the Corporation's total revenue. In 2024, the Corporation's consolidated operating income reached NT$51.63 billion, with earnings per share of NT$15.63. The total income tax expenses for the year were NT$2.9 billion. All business segments are operated in accordance with applicable local tax regulations; relevant financial information is published on the Corporation's website regularly. A consolidated profit & loss statement is also prepared annually in accordance with International Financial Reporting Standards. For the remaining information in detail, please refer to the 2024 Annual Report of the Corporation.
Shipment volume by product category
Radiant Opto-Electronics Corporation prepares production capacity according to customer needs. The consolidated revenue in 2024 was NT$51.63 billion, and the production volume by product category was as follows:
Investment in Research and Development Resources
Radiant Opto-Electronics continues to dedicate itself to the research and development of panel technology and related products. In the fiscal year 2024, the Company invested approximately NT$2,474,204 thousand in R&D expenses, which accounted for 4.79% of its total revenue. In anticipation of future innovations in manufacturing processes and new product development, the Company plans to continue investing 3-4% of its operating income in R&D expenses for 2025. These funds are primarily allocated to the advancement of optical design, mold design and manufacturing technology, injection LGP technology, non-injection LGF, and research and development in Mini LED processes, maintaining its leadership position in the industry.
In 2024, Radiant Opto-Electronics' Taiwan facility employed 403 R&D- and technical- related staff members, accounting for 39.9% of the total workforce at Taiwan Plant. Leveraging the diverse expertise of talent across various domains, these professionals significantly contribute to the overall R&D synergy of Radiant Opto-Electronics. The Company continues to focus on research and development, with the proportion of R&D personnel and R&D expenditure increasing annually in response to the Company's long-term growth and strategic planning. By continuously investing in research and development resources, Radiant Opto-Electronics aims to reinforce its global leadership in technology and product innovation, consistently delivering more advanced and environmentally friendly products, contributing to the sustainable development of society and the environment.
Taxation Policies and Governance
Radiant Opto-Electronics Corporation has established a tax governance policy in response to the international trend of tax governance and to effectively control tax risks, create long-term corporate value, ensure compliance with tax regulations, and fulfill corporate social responsibility, Radiant has established the ''Taxation Policies and Management Measures" to fully protect the interests of the Company and its investors. The Board of Directors is the highest authority for effective tax management at Radiant Opto-Electronics, responsible for the approval of tax policies and overseeing the effective operation of the tax management system. The executive units responsible for all types of taxes are the accounting departments of Radiant Opto-Electronics Corporation and its subsidiaries are the executive units responsible for all types of taxes. Radiant Opto-Electronics experienced no significant fines in 2024. The Company will continue to strengthen its tax management system, basing its approach on transparency, public disclosure, and compliance with laws, to implement sustainable corporate development. (Significant fines refer to penalties exceeding NT$1 million for violations.)
Taxation Policies:
The tax governance of Radiant Opto-Electronics follows principles of integrity and prudence. The upheld tax policies are as follows:
